Luminus Financial Mortgage Sense helps self-employed business owners

Self employed?

We can make sense of getting a mortgage

We know how stressful it can be for those who are self-employed to get a mortgage.

That's why Luminus Financial is one of the few credit unions that specializes in mortgages for self-employed business owners.

The bottom line is never our bottom line.

Self-employed individuals have access to write-offs and various tax breaks that can reduce your taxable income but also make it harder to qualify for a mortgage. We recognize that the bottom line doesn’t show the whole picture and that it takes more than an algorithm to make a solid financial decision.

Our team will sit down with you to get a full understanding of your financial position including how your business operates and grows. Then, we will work to develop a tailored mortgage rate and limit that make sense for your goals and situation.

Luminus Financial Mortgages Offer

Convenient term lengths – variable or fixed 1, 2, 3, 4, 5 or 7 years

Flexible repayment schedules – weekly, bi-weekly, semi-monthly and monthly

Lump-sum payments accepted – up to 20% prepayment annually without penalty

Increase payment options of up to 20% once per year

Up to 90% financing

Up to 30-year amortization (with a 20% down payment)

Rates guaranteed for 120 days

Accelerated payments available

Mortgage life insurance, disability, and loss of employment insurance available.

The Mortgage-sense Pre-Approval Process

Our pre-approval process will take the guesswork out of home hunting by assessing your unique financial situation and figuring out what works for your life. You can apply for a pre-approval by telephone during business hours or online anytime, and your pre-approved interest rate is guaranteed for 120 days.

  • You are 19 years of age or older.
  • You are a resident of Ontario.
  • You have not declared bankruptcy in the last 7 years.

Need more reasons to consider Luminus?

In addition to these great terms, we offer some exciting BONUS incentives unique to Luminus Financial.

  • Pre-approval for a $5,000 line of credit* to help you set up your home.
  • A free FiveStar Chequing Account** with no monthly fees, no minimum monthly balance, no transaction fees, and $500 in Overdraft Protection*.
  • We can also help you protect your investment with competitive home and title insurance.

* Some restrictions may apply and fees may be subject to credit approval.
** Luminus must be set as your primary financial institution to be eligible for a FiveStar Chequing Account.

Connect with us today and make sense of your mortgage!

Are you a phone person? Call us at 1-877-713-6236